Category: Blog

CleanSpark Hosts Inaugural Media and Dignitary Day

bitcoin facility

In celebration of the phase two expansion completion of our immersion-cooled bitcoin mining site in Norcross, GA, CleanSpark hosted a Media and Dignitary Day on November 2, 2022. Local organization Partnership Gwinnett helped coordinate the event and ribbon-cutting at the facility. Dozens of elected officials, media professionals and business leaders attended the tour of CleanSpark’s […]

Cointelegraph: BTC Miner CleanSpark Scoops up Thousands of Miners Amid ‘Distressed Markets’

shopping cart on cogs

CleanSpark bought over 3,800 mining machines at $15.50 per terahash, far below the current market price of $22.94 and an 85.4% discount from the all-time high costs of $106.62 in Dec. 2021. By Brayden Lindrea Sustainability-focused Bitcoin (BTC $27,910) mining company CleanSpark has snapped up another 3,843 cryptocurrency miners amid a backdrop of mining industry consolidation. The […]

Finally Fair Value: FASB Changes Accounting Standards for Crypto Assets

using a calculator

By: Gary A. Vecchiarelli, CPA and CleanSpark Chief Financial Officer It’s not often that something exciting happens in the world of accounting, but this week there was an important announcement for bitcoin and cryptocurrency companies that even non-accountants can appreciate. The Financial Accounting Standards Board, (FASB, or faz-bee, for short) said companies should measure crypto […]